1. My exit strategy would most likely be to hang on to my business for as long as I can. I can work hard and turn mine into a giant company that can make me lots of money. But if someone comes along and offers me the right price then I would be willing to sell it.
2. Building a company from nothing becomes your life. Selling my business off would be hard to do because it is almost like a child. I have watched it grow from nothing. I would like to keep working hard and growing it into as big of a business as I can. But if I become tired and want a break I would be willing to sell it off for the right price. If I have been pouring my heart and soul into a company for 10 years I would get pretty tired. Id be willing to sell it off and just rest and relax for a bit.
3. I think that I would rather hold onto my business it has resulted in me looking at ways to grow my business later down the road. I have not just been looking at the short term but also the long term while developing this idea.
I think your exit strategy sounds like you have put a lot of thought into it and know what you want to do in the future. It is cool that you want to hold onto your business and plan to continue growing it. I get what you're saying about potentially selling it for a good price later on though. You're right that a business you create is like a child.
ReplyDeleteHi Tyler, I really like your reflection for your exit strategy. This seems to be beneficial for you and your company. It is important to want to grow your business and knowing when to let go is also important. It is important to recognize when to grow the business and when to sell it and enjoy the fruits of your labor.
ReplyDeleteI think if you're passionate about your business concept then holding onto it is a great idea. When you can stay engaged in an idea for years and continually build it you can become really successful. Plus in 10 or 20 years you could have made enough money from it and possibly keep passive income to retire early.
ReplyDeleteGreat start to the structure of your assignment . i appreciate your effort and venacular when executing this task . The structure of your assignment is not only professional but also well write with a developed style to say the least . great job on this assignment and I hope for the best for your company.
ReplyDeleteHey Tyler!
ReplyDeleteI admire your passion that you have for your business. In my post I decided to sell after ten years, which I’ve noticed you mentioned you would consider on doing as well. Although, I understand on what you mean about growing this business from the ground up and it’ll be difficult to let go. Another assumption that I have thought about myself.